Shares of Park Lawn Co. (TSE:PLC – Get Free Report) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$22.63.
A number of research analysts have recently commented on the company. Royal Bank of Canada dropped their price target on Park Lawn from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 5th. National Bankshares lowered their price target on shares of Park Lawn from C$22.00 to C$21.00 in a research report on Wednesday, March 13th. Finally, CIBC dropped their price target on shares of Park Lawn from C$21.00 to C$20.00 in a research note on Monday, March 11th.
Read Our Latest Stock Report on PLC
Park Lawn Price Performance
Park Lawn (TSE:PLC – Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported C$0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.28 by C$0.06. The company had revenue of C$119.93 million during the quarter, compared to the consensus estimate of C$120.07 million. Park Lawn had a negative net margin of 2.23% and a negative return on equity of 1.40%. Research analysts predict that Park Lawn will post 1.0915631 earnings per share for the current fiscal year.
Park Lawn Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.114 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.46 annualized dividend and a yield of 2.83%. Park Lawn’s payout ratio is currently -153.33%.
About Park Lawn
Park Lawn Corporation, together with its subsidiaries, owns and operates cemeteries, crematoriums, and funeral homes in Canada and the United States. The company primarily offers cemetery lots, mausoleum crypts, niches, monuments, caskets, urns, outer burial containers, flowers, online and video tribute, and other merchandise, as well as funeral, cemetery, and cremation services.
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